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by Indiana Farm Bureau Insurance

Indiana Farm Bureau Insurance, one-stop-shop for business insurance

Your business is your livelihood; no matter what your business is or what size it is, you need to make sure you, your employees and your business are protected. We know that running a business can be stressful. A business owners insurance policy can give you peace of mind knowing that you are covered in the case of the unexpected.  



If you are planning on opening your own business, you will need to put business insurance on your list of things to do as soon as you can. In the state of Indiana, there are requirements for business owners insurance.  


One requirement, if you have employees, is the need for worker’s compensation insurance, which is also sometimes referred to as worker’s comp. Most businesses with employees in the state of Indiana must have workers’ compensation insurance. This type of coverage provides for medical bills or lost wages that are incurred by an employee who may become injured or sick arising out of their job.  


In addition to worker’s compensation insurance, there are other coverages that can protect your business from the unexpected.  


Type of coverages 


  • Property – can provide protection for buildings and equipment, tools or other inventory in the event they are stolen, damaged or destroyed as a result of a covered loss.  

  • Liability – Provides protection for your business if others are injured, or the property of others is damaged because of your operations.  

  • Worker’s compensation – Provides employees with financial assistance for lost wages and medical expenses if a work-related injury occurs.  

  • Business auto – Provides protection for the vehicles your business owns, operates or uses in its day-to-day operations.   


How much does business owners insurance cost in Indiana? 


The average cost for a small business to purchase a liability business owners insurance policy in Indiana can average from $350-$700 annually. The cost depends on your needs: the amount may be above or below the average.   


It is important to remember that the cost of business owners insurance may fluctuate based on many factors, which may include but are not limited to:  


  • Industry costs  

  • Size of business  

  • Location of business  

  • Value of business property 

  • Number of employees in business  

  • Level of risks within the business  

  • Amount of coverage you decide to purchase  


Indiana Farm Bureau Insurance can help you with business owners insurance in Indiana  


Start the process with a free business owners insurance quote! Your quote can help you determine how much coverage you need for your business, and help you see what your premium may look like.  


After you request your free quote online, one of our local insurance agents will help walk you through your next steps. They will help customize a policy that not only fits your business’ needs but will give you peace of mind in knowing your business is protected.  



Frequently asked questions  


We have compiled a list of the top frequently asked questions (FAQs) about business owners insurance. If you have more questions, check out our company’s FAQ page or contact a local insurance agent today for more business insurance information.  


What insurance coverages do I need for a small business? 


Depending on your small business, you may need a variety of coverage options including:  


  • Liability coverage 

  • Property coverage  

  • Business auto coverage  

  • Worker’s compensation   


How to get business owners insurance? 


You can purchase a business owners insurance policy with Indiana Farm Bureau Insurance by requesting a free quote online or contacting an agent. Secure superior protection and service today.  


Contact an agent